Question

18. Normal wastage is classified
as:

(a) Period cost
(b) Product cost
(c) Extra-ordinary cost
(d) Deferred charge​

Answer 1

Answer:

normal wastage being a normal feature and arising in a process or operation usually through standered set for the normal percentage of visible and invisible that may be anticipated to arise in various manufacturing process or opretions

Answer 2

It is classified as (b) Product cost

• Any type of waste includes various types of products in it.
• Typical wastage is a characteristic of a process or operation that occurs as a result of a standard set.
• This set is for the normal percentage of visible and invisible wastes that may be expected to occur in certain industrial processes or activities.
• As a result, regular waste should be included in the manufacturing cost. The expense of trash should be absorbed by the process's good units.